'Very difficult times are approaching, and it is urgent to start buying food and storing it somewhere safe while we still can. For the majority of Americans, the window of opportunity to buy essential supplies to get ready for the economic downturn that is emerging all around us is rapidly closing. That’s because the price of food is rising nearly three times faster than wages, and from now on, this trend will only continue to intensify. People won’t be able to get prepared for the challenging times that are coming because they simply won’t be able to afford the soaring costs of food anymore. In the next few months, the rate of unemployment is expected to jump as more and more businesses, - suffering from declining sales, shrinking profit margins, and slower consumer demand, - will start laying-off thousands of employees in a desperate attempt to stay afloat. Without jobs, with rising levels of debt and facing a raging cost of living crisis, millions of U.S. households won’t have enough to eat, and by then, it will be too late to try to stockpile the supplies they need. Our jobs are not as reliable as we think they are. There is no doubt that a wave of layoffs is coming, harder economic conditions are ahead for our workers - and even if you’re your own boss, you won’t be safe. While wages only rose 5%, food prices are rising almost three times as fast, increasing 13% in September. Even with jobs, we’re already facing mounting difficulties to pay for our groceries. Without them, it’s safe to say the situation would a whole lot worse. Right now, America’s food supply chain is in shambles. Despite record food prices, our farmers are struggling like never before. In fact, the latest data released by the American Farm Bureau Federation shows that we might lose 75% of this winter’s wheat harvest, 71% of soybeans, and 70% of corn. On top of that, our supply of chickens, turkeys, and eggs has been depleted by the ongoing bird flu that is likely to intensify as temperatures cool down. Food shortages are a reality, not a theory, and people need to start preparing while they still can. Industry executives are explicitly telling us that food prices will not come down any time soon, and the convergence of all of these factors is creating a “perfect storm” for food inflation both in the short and long term. So if you still have a job, use this precious opportunity to stockpile food before the economy breaks down hard. When things go south, the empty shelves we’re seeing now will become even emptier. People will be desperate and chaos will erupt in our major cities. Panic buyers will rush to hoard everything they can find in front of them. On the other hand, jobless Americans won’t be able to buy what they need, and many will resort to shoplifting and stealing. So make sure you store your supplies in a safe place because the truth is that you never know what crazy things people can do when they go hungry and see their children starving. We must handle things on our own, so we must start getting prepared and stocking up on food now. In a couple of months, food prices will double or triple, and you may not be able to start stockpiling then. For more info, find us on: https://www.epiceconomist.com/'
Tags: Great Depression , hoarding , PREPPING , food shortages , food insecurity , food pantry , food prices , food crisis , Preparedness , food scarcity , PANIC BUYING , empty shelves , layoffs , economic recession , job cuts , food lines , food stockpiling , wheat harvest , food inflation , Food assistance , supply chain crisis , grocery prices , food prices rising , grocery shortages , food supply chain crisis , fertilizer shortage , fertilizer prices , winter harvest , grocery inflation , food collapse
See also:
comments